Historically, debt markets in Gulf Cooperation Council (GCC) countries have been unable to qualify for inclusion in emerging-market fixed income indexes, or any other major fixed income index. The qualities associated with GCC countries, such as higher per-capita income levels and investment-grade debt, tend to exceed the criteria for index inclusion, even though they possess characteristics on par with emerging markets.
Here, Mohieddine (Dino) Kronfol, chief investment officer, Franklin Templeton Global Sukuk and MENA Fixed Income Strategies, explains why he and his team think the planned inclusion of the GCC in the prominent J.P. Morgan Emerging Market Bond Index (EMBI) could be an exciting milestone for the region.
Artykuł EM Index Inclusion Could Spell A New Chapter for GCC Bonds pochodzi z serwisu Investment Adventures in Emerging Markets.
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